Cement News tagged under: Morocco
Addoha reportedly to sell 30% African stake to HeidelbergCement26 January 2016, Published under Cement NewsIt has been reported that the Moroccan Addoha Group will sell 30 per cent of its African assets to HeidelbergCement, according to local news sources. The value of the transaction is estimated at around MAD2bn (US$202m). When contacted, HeidelbergCement declined to comment. Following the construction of two cement plants in its home market of Morocco (Ben Ahmed and Beni Mellal), the Addoha Group has rapidly expanded its activities in Africa, launching subsidiary Ciments de L'Afrique (CIMAF... |
Moroccan market recovers in late 201507 January 2016, Published under Cement NewsFollowing a 21 per cent fall in September 2015, cement sales in Morocco rebounded in October and November as dispatches increased by 19.5 and 15.6 per cent, respectively, according to the Moroccan cement producers’ association, APC. Estimates for the full-year indicate a slight market expansion between 1-1.5 per cent in a year that was marked by demand instability. The modest growth is attributed in part to the malaise in the real estate sector. In addition, holidays such as Aïd Al Fitr an... |
China’s ICBC and Anouar sign US$171m financing agreement14 December 2015, Published under Cement NewsMorocco’s investment group Anouar Invest has signed a financing agreement with the Industrial and Commercial Bank of China (ICBC) in the amount of US$171m for the construction of a cement works in Settat, Morocco. The project’s MAD2bn (US$203m) engineering, equipment and construction contract was awarded to Sinoma-CDI, which expects the new plant to be up and running by the end of 2018. Anouar Invest is also building a cement unit in Laâyoune. |
Morocco: Anouar Invest starts construction on second cement works20 November 2015, Published under Cement NewsMoroccan holding company Anouar Invest announced the start of construction of a new cement works at Laâyoune. Located in Foum El Oued, the new Cimsud plant represents an investment of MAD300m (US$29.98m) and will have a capacity of 0.5Mta. The unit is expected to come online in July 2017. Anouar Invest has also launched work on a 2.2Mta cement plant in Settat, via its subsidiary Atlantic Ciment. The MAD3bn facility is scheduled to enter production at the end of 2018. |
Morocco: Cimar sees 7.6% EBITDA rise in 3Q1516 November 2015, Published under Cement NewsItalcementi-owned Ciments du Maroc (Cimar), Morocco, saw its turnover rise 1.8 per cent to MAD823m (EUR77.4m) in 3Q15, according to analysts at BMCE Capital Bourse. The figures do not reflect the current slowdown in public works and a lack of investment in social housing, which saw cement and clinker flows fall by 15.8 per cent QoQ (-4.2 per cent in 9M15). The rise in the cement price as well as the healthy sales of ready-mix concrete and aggregates, which expanded by 39.4 and 21.1 per cen... |
Morocco: September 2015 sales drop 21%13 November 2015, Published under Cement NewsThe Moroccan cement market contracted by 21 per cent YoY in September as sales fell to 1,029,736t. As a result, total cement sales for the year to date reached 10,508,851t, down 1.4 per cent YoY. The drop in sales is due to the close of construction sites for the Aïd El Kebir holiday as well as the downturn in the real estate sector, which is the largest cement consumer. In terms of regions, Taza-Al Hoceima-Taounat, Rabat-Sale, Greater Casablanca and Tangier-Tetouan recorded declines... |
Ciments du Maroc demolishes Anza plant23 October 2015, Published under Cement NewsCiments du Maroc, part of Italcementi, is currently demolishing the old Anza cement works near Agadir. The plant was taken out of service more than five years ago, after the commissioning of the Aït Baha works. The site will be rehabilitated in a project called Agadir Oasis as financial partners, real estate developers and leisure park companies move in. |
Morocco: cement demand falls 6.3% in June16 July 2015, Published under Cement NewsMoroccan cement consumption fell a further 6.3 per cent YoY to 1.16Mt in June following a similar decrease in May. This brings cement demand over the first six months of this year down 1.3 per cent to 7.3Mt, with the decline mainly attributed to a slow real estate market. Mohammed Chaïbi, president of Ciments du Maroc and the Moroccan cement association (APC), told L'Economiste that he expects the decline to continue going forward. Key factors that are likely to hold demand growth bac... |
Morocco sees 8.5% market contraction in May12 June 2015, Published under Cement NewsMoroccan cement sales fell 6.3 per cent MoM and 8.5 per cent YoY in May 2015 to 1,266,114t, according to Ministry of Housing. The latest figure effectively neutralises any growth noted in the first four months of the year. For the year to date cement sales reached 6,172,299t, down slightly by 0.3 per cent when compared with 5M14. Cement sales decreased considerably in Chaouia-Ourdigha (-29 per cent), Guelmim-Es-Smara (-27 per cent) and Laâyoun-Boujdour-S-Elhamra (-26 per cent). |
Addoha Group to build 0.5Mta Gabon works09 June 2015, Published under Cement NewsMorocco’s Addoha Group announced plans to build a cement plant in Gabon’s capital, Libreville. The new EUR30m works will be operated through its CIMAF Gabon subsidiary. It will have an initial production capacity of 0.5Mta, but will be expandable to 1Mta. The greenfield plant is expected to generated 200 direct and 1000 indirect jobs. |